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Malaysia: Government claims property prices only rose 3.3pct

Posted on 26 November 2010

From Themalaysianinsider.com: The Najib Administration shrugged off today mounting speculation of an eventual property bubble in the country, claiming that despite figures showing otherwise, property prices in Malaysia had only surged by an overall of 3.3 per cent in the last decade.
Deputy Housing and Local Government Minister Datuk Seri Lajim Ukin told the Dewan Rakyat today that between 2000 and 2010, Malaysia’s property prices had not increased exponentially unlike what has been claimed by other parties, and maintaining that the country’s property prices were still the cheapest if compared to other Asian nations……………………………………….Full Article: Source


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